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Colorado Springs MLS Market Update.  Below are the statistics for the Colorado Springs MLS real estate market. 

All the trends are good towards an improving real estate market for Colorado Springs resales when you compare December 2008 to December 2009.  The number of sales were up 26% and the number of active listings were down by 20%.  This equates to a change in absorption rate for the city from 10 months from a year ago to 6 months, meaning that at the current rate of sales per month, it will only take 6 months to sell the inventory of homes.  We will most likely see the number of active listings increase for Colorado Sprngs in January, but the buyers typically start returning to the market as well.

Total sales for 2009 were up 4.9% over 2008.  A positive sign that Colorado Springs real estate market is on the mend. 

The bad news is that single family new home starts were down 15% from December 2008.Colorado Springs MLS

 

Colorado Springs MLS Market Update

 

Nancy Murray

Keller Williams Colorado Springs

 DIRECT: 719-964-4810
  NancyMurray@kw.com

 

Keller Williams Colorado Springs

Keller Williams Colorado Springs

 1283 Kelly Johnson Blvd
Colorado Springs, CO 80920

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2 Comments on Colorado Springs MLS Market Update

JAN
11
2010
608,296 Points 26 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Nancy and Ann, 6 months is a balanced market. How great for your area. We still have almost 11 months of invenory.
10:09pm • #1
207,020 Points 2 Featured Posts Outside Blog

Frank and Sharon, We hope the 6 months isn't a fluke.  We are seeing many new listings, but Ann and I have been very busy with buyers as well.  I believe we have a very healthy market.  It is yet to be seen if we can keep the absorption rate down.

Nancy
10:44pm • #2

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Nancy Murray ~ Colorado Springs Real Estate

Colorado Springs, CO

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Keller Williams Clients Choice Realty, Colorado Springs, CO

Address: Keller Williams Clients' Choice Realty 1283 Kelly Johnson Blvd, Colorado Springs CO 80920, Specializing in Northern Colorado Springs and relocation for military offering

Office Phone: (719) 964-4810

Cell Phone: (719) 964-4810

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